ant187

NEO/BTC Scalp

ant187 Updated   
BINANCE:NEOBTC   NEO / Bitcoin
Good morning traders,

Potential opportunity for NEO, make sure to set a tight stop.

Key Notes:

1) Triangle formed, if it breaks, good place to set your stop loss.
2) Volatility is dying down, a move one way or the other happening soon.
3) Currently showing bullish 0 histogram MACD rejection, if it holds, it will go for a rise today.
4) RSI trending higher, as well as higher lows.
5) Important 4 hour close @ 12pm EST, will most likely determine direction of trade.


Buy in:

008140-8200

Targets are listed on chart


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Comment:
I'll be looking to exit at a slight loss if this zone it's in @ 8100-8130 doesn't hold.
Comment:
Zone held, trade is taking longer than expected as it's in a corrective cycle, however I'm looking for movement today, if not I'll cut out with a small profit sometime midday if I don't see any further movement, as I could be making money in other coins.
Trade closed: target reached:
Sold @ T1, as this took longer to develop than I wanted.

2.20% profit.

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